Thread by @wagmiAlexander

Sick of reading about real wars? You're in luck!

The war for control of @solidlyexchange (#veSolidWars) has continued to rage and I've got some big updates.

TL;DR: The next 48 hours will be huge and there are rumors of a second front soon opening. 🏔

🧵👇

Why the next 48 hours?
👉 @solidlyexchange emissions start tomorrow
👉 Same deadline for veNFT deposits on #Solidex
👉 @SolidexFantom is expected to launch
👉 Clarity on @0xDAO_fi's launch plans coming soon

Then the battle for control of #Solidly truly begins!

So what's new?
👉 @RadialFinance confirmed solo
👉 @SushiSwap looks to be solo
👉 @SynapseProtocol has a proposal to join #0xDAO
👉 @Spirit_Swap + @fraxfinance still TBD

And all 8 veNFTs of #Solidly's early partners have just been deposited / locked, cementing the alliance.

So where does this put the battle for $SOLID control?

40.6% - @0xDAO_fi
33.7% - @SolidexFantom
19.3% - Solo
6.4% - TBD

So team #0xDAO remains in the lead, though if the last two TBD break for #Solidex it'll be virtually tied.

So that is where the horserace stands, now let's look at some of the variables driving decision making...
🪙Tokenomics
👯‍♂️ Teams
👨‍💻 Code
🌄 Future

(and stay for the free alpha on how to play it)

🪙Tokenomics

Obviously, a main motivator for protocols is which team will drive the maximum value back to it's members.

@SolidexFantom incentivizes early participation, but takes a 20% team cut of emissions in time.

@0xDAO_fi has no team cut, so all emissions flow to partners.

Which model best maximizes long term value depends on who you ask, but it seems that late deciders have found the @0xDAO_fi proposal more compelling.

And if #0xDAO is successful, they seem well positioned to pick up those currently going solo.

That has implications for...

👯‍♂️ Teams

@SolidexFantom is using their allocation (in part) to fund a dedicated team which brings focus and security.

@0xDAO_fi will (seemingly) continue to rely on the veteran #Fantom devs of it's members which has some risks.

We can see this in the...

👨‍💻 Code

@SolidexFantom's dedicated team has built Solidex from scratch and announced it will launch tomorrow.

@0xDAO_fi hasn't shared details yet on launch or code, but many suspect it'll draw from their strengths in forking something existing.

Each has pros and cons...

But, it also leaves any platforms still debating the relative merits in a bit of a tough spot.

They can get a peek at the code of @solidlyexchange, but due to the deadline they likely need to make a call on a "sight unseen" from @0xDAO_fi.

Which leads to the...

🌄 Future

@AndreCronjeTech recently teased that @solidlyexchange won't be restricted to #FTM for long.

This means partners need to evaluate all the variables above not only in terms of how they'll apply to #Solidly today, but how they'll scale to a multi-chain future.

That might make the war more of a toss-up, even with @0xDAO_fi's current lead in $SOLID locked.

If you're going multi-chain, you want...
👉 A dedicated team that can focus on scaling
👉 A bespoke platform that can adapt to it
👉 Incentives aligned to scaling #Solidily vs #FTM

That means even if #Solidex loses this first battle for $SOLID control on $FTM, it may open up a whole new front in the snowy mountains of @avalancheavax.

And while @0xDAO_fi may follow suit, it's war machine will be fighting on less familiar terrain.

"Okay, Alex just tell me how play this already."

If @solidlyexchange and @SolidexFantom go multi-chain, you want to maximize exposure to both.

The biggest bang for your buck to do that is buying and holding the undervalued $WeVE (see @AvgJoesCrypto).

https://twitter.com/AvgJoesCrypto/status/1494793326935126018

Or simply...

👉 $WEVE is an underpriced wrapper of $SEX + $SOLID

👉 $SEX trades at a premium b/c it procures boosted yields

👉 $WEVE is biggest farmer of $SEX, all value accruing back to $WEVE

👉 Their only focus is winning the #veSolidWars, regardless the chain.

If you made it this far... thanks for reading!

If you like it, consider a RT and/or following me @wagmiAlexander.

And thanks to @EthPaf and all the amazing folks in Discord for helping me assemble all this info today.